Thursday, June 18, 2020 / by Teresa DiPeso
Second-Home Markets Hold Interest, Lack of Inventory Slowing Down Sales
One thing that has largely been put on hold due to the coronavirus pandemic—which has led to 8.06 million confirmed cases worldwide—is vacations. While all states have reopened their economies in some capacity, many individuals are still wary of contracting the virus, and are staying home when possible and taking precautionary measure in public. But where does that leave the second-home markets to which luxury buyers typically flock for leisure?
According to a report from SmartAsset, released earlier this year, the Top Five Hottest Secondary Markets in the U.S. are Ocean City, N.J.; Barnstable, Mass.; Salisbury, Del-Md.; Myrtle Beach-Conway-North Myrtle Beach, N.C.-S.C.; and Naples-Immokalee-Marco Island, Fla.
Here’s the full Top 10 list from Smart Asset: